Facebook launches "Small Business Loans Initiative" in India

Facebook India has launched “Small Business Loans Initiative” in India in partnership with online lending platform Indifi. India is the first country where Facebook is rolling out this programme.
The objective of this initiative is to help small and medium businesses (SMBs) that advertise on Facebook to get quick access to credit/loans through independent lending partners.
This will make business loans more easily accessible to small businesses, and reduce the credit gap within India’s MSME sector. Through this programme, small businesses can get loans between Rs 5 lakh and 50 lakh.

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